Sunday, April 11, 2021

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Amazon moves Supreme Court against stay order on Future-RIL deal by Delhi HT

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Amazon.com Inc. has challenged a Delhi high court division bench order that allowed Kishore Biyani’s Future Group to proceed with an asset sale deal with Mukesh Ambani’s Reliance Industries Ltd (RIL).

Vi Business launches integrated IoT solutions for enterprise

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Vi Business, the enterprise unit of Vodafone Idea Ltd. (VIL) on Thursday announced the launch of integrated IoT solutions for enterprise in India. The company claims VIL is...

Birla Mutual Fund gives rollover option in seven fixed maturity plans

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Aditya Birla Sun Life Mutual Fund is giving an option to investors in seven of its fixed maturity plans (FMPs) to roll over their investments in these funds for one or two...

Japan’s Toshiba received $20-billion takeover bid from British fund

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Toshiba is considering a buyout offer from a British private equity fund, with reports suggesting the deal could be worth about $20 billion (roughly Rs. 1,47,040 crores). The...

SEBI Imposes ₹ 25 Crore Penalty On Mukesh Ambani, Anil Ambani & others

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The Securities and Exchange Board of India has imposed a penalty of Rupees 25 Crores on Mukesh Ambani, Anil Ambani, Nita Ambani, Tina Ambani and few other individuals. The...

Tax Dept Has Unveiled New Offline JSON-based Utility For The AY 2021-22

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To improve the tax filing process, the Income Tax Department has done away with the excel and java-based utility and has launched a new offline JSON-based utility for the assessment year 2021-22....

Bank of India to allot preferential shares to government for Rs 3,000 crore

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State-run Bank of India has convened an extra-ordinary general meeting (EGM) of shareholders this month for seeking approval to the allotment of preferential shares to the government for Rs 3,000 crore.

Ircon International Ltd Approved Bonus Shares In Ratio Of 1:1

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IRCON International said the company's board of directors approved and recommended the issuance of one bonus share for each share held as on the date of record date. The...

LG Electronics officially announced to exit the smartphone business

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South Korea's LG Electronics said on Monday it will wind down its loss-making mobile business permanently. This decision comes days after LG showcased its ambitious rollable phone at the CES 2021.

Lodha Developers to launch IPO on April 7: Price band, lot size and other...

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Macrotech Developers (formerly Lodha Developers) will kick start the IPO wagon in FY22 as it will launch its initial public offering on April 7. About Company

HDFC Capital partner with Cerberus to fund housing projects

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HDFC Capital Advisors Ltd. and an affiliate of Cerberus Capital Management L.P. have partnered for high-yield opportunities in the Indian residential real estate sector. How they will work...

Wipro to acquire Australia’s Ampion for $117 million

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Global software major Wipro on Thursday announced buying Australia-based Ampion for $117 million (Rs 858 crore), as it provides cyber security, Dev Ops (software development and IT operations) and engineering services.

Reliance extends deadline to complete deal with Future Group

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Reliance Retail Ventures Ltd (RRVL), a subsidiary of Reliance Industries, has extended the completion of its deal with Kishore Biyani's Future Group by another six months. In financial...

Maruti Suzuki partners with Karnataka Bank for vehicle financing solutions

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The country's largest carmaker Maruti Suzuki India on Wednesday said it has partnered with Karnataka Bank to offer vehicle financing options for potential car buyers. Customers can avail...

Microsoft wins $22 billion deal of making headsets for US Army

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Microsoft has won a Pentagon contract for augmented reality headgear for soldiers worth $21.88 billion (Rs. 1,60,290 crores) over the next decade based on the company’s HoloLens tech.

SpiceJet signs deal with Avenue Capital for acquiring 50 more aircraft

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SpiceJet airline signed a memorandum of understanding with New York-based Avenue Capital Group for financing, acquisition and sale and lease‐back of up to 50 aircraft. The memorandum of...

Vedanta calls for bids from Indian states to set up coastal copper smelter

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Vedanta Group plans to set up a coastal copper smelter in India for Rs 10,000 crore as it suffers a daily loss of Rs 5 crore for a plant that has been...

Bitcoin crossed $59,000 as PayPal launched crypto checkout service in US

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Bitcoin price continued to rise on Tuesday and topped the $59,000 level for the first time since 21 March after PayPal said it is allowing US consumers to use their cryptocurrency holdings...

Amazon acquires retail tech start-up Perpule for Rs 108 cr

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The American e-commerce group said on Tuesday evening that it has acquired Perpule, a four-year-old startup in an all cash-deal of ₹107.6 crore to bolster its play in the kirana-tech space.

Visa to allow payment settlements using cryptocurrencies

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Visa Inc said on Monday it will allow the use of the cryptocurrency USD Coin to settle transactions on its payment network. It has launched the pilot program...

Volvo is to give parental leave for 6 months to it’s all employees

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Swedish automaker Volvo Cars is increasing paid parental leave for employees globally to 6 months regardless of gender, the company announced Tuesday. About New Program Employees...

OCI card holders now no longer need to carry old passports for India travel

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People of Indian origin and Indian diaspora having overseas citizens of India (OCI) card are now not required to carry their old, expired passports for travel to India, as required earlier.

WeWork to go public in $9 billion merger with BowX

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WeWork announced on Friday it plans to enter public markets through a merger with a special purpose acquisition company — and at a huge discount to what the startup was once worth.

JSW transfers Rs 19,350 cr to complete acquisition of Bhushan Power and Steel

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JSW Steel on Friday said it has paid Rs 19,350 crore to the financial creditors of Bhushan Power & Steel Ltd towards implementation of the resolution plan for acquiring the company.

Samsung is the only company to hit targets under PLI scheme

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Samsung Electronics is the only handset manufacturing company among 16 that has surpassed both investment and output targets under the production-linked incentive (PLI) scheme for handsets and components this year --Economics Times

Vedanta Raises Open Offer Price For Indian Unit To Rs 235 per share

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Anil Agarwal, billionaire founder of the Vedanta Resources has raised the open offer price for buying shares in its flagship Indian firm to Rs 235 per share. Which is...

BPCL announces second interim dividend of Rs 5 for FY20-21

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State-run oil refiner Bharat Petroleum Corporation Ltd (BPCL) on Tuesday, announced a second interim dividend of Rs 5-a-share for the financial year 2020-21. About Company

Huawei announces royalty rates for using its 5G phone technology

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Huawei Technologies on Tuesday announced royalty rates for the use of its 5G phone technology. The owner of the world’s largest portfolio of 5G patents will negotiate rates...

Aarti Drugs board to consider shares buyback on March 19

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Aarti Drugs on Tuesday said its board will meet later this week to consider a share buyback proposal. What is Buyback? The Share buyback is...

Nokia partners with Microsoft, Amazon & Google for 5G Radio Solutions

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Nokia on Monday announced that it has partnered with Microsoft, Amazon web services and Google to develop new cloud-based 5G radio solutions with its radio access network (RNA) technology.

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